InTrack Investment Management Inc Has $1.88 Million Stock Holdings in Citigroup Inc. $C

Key Points

• InTrack Investment Management Inc increased its stake in Citigroup Inc. by 32.1% during the second quarter, holding 22,119 shares valued at approximately $1.88 million.
• The company recently declared a quarterly dividend of $0.60, up from its previous dividend of $0.56, representing a 2.5% yield.
• Citigroup received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $99.68.

InTrack Investment Management Inc raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 32.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,119 shares of the company's stock after acquiring an additional 5,380 shares during the quarter. Citigroup comprises approximately 1.3% of InTrack Investment Management Inc's holdings, making the stock its 26th largest position. InTrack Investment Management Inc's holdings in Citigroup were worth $1,883,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in C. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the first quarter valued at approximately $28,000. Accent Capital Management LLC lifted its stake in Citigroup by 106.0% in the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC lifted its stake in shares of Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after buying an additional 246 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its stake in shares of Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after buying an additional 253 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company's stock worth $37,000 after buying an additional 467 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on C. Zacks Research cut shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Weiss Ratings restated a "buy (b)" rating on shares of Citigroup in a research note on Wednesday. Oppenheimer reduced their price objective on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. TD Cowen boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley boosted their price objective on shares of Citigroup from $107.00 to $129.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average price target of $99.68.

Citigroup Trading Down 1.2%

Shares of C stock opened at $96.67 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm's fifty day simple moving average is $96.92 and its 200 day simple moving average is $83.43. The firm has a market capitalization of $177.96 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Citigroup's revenue was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 4th were issued a $0.60 dividend. This is a boost from Citigroup's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup's payout ratio is presently 35.45%.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares of the company's stock, valued at $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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